Oil Breaches $115 After Iran Warns Against US Ground Invasion

The possibility of a U.S. ground invasion in Iran has further shaken investor confidence.Pumpjacks operate while others stand idle in the Belridge oil field near McKittrick, Calif., on March 10, 2026. Mario Tama/Getty Images3/29/2026|Updated: 3/30/2026Brent crude oil futures prices broke through the $115 per barrel level on late Sunday trading as the Iran conflict continues without signs of abating.Oil was trading at $115.89 per barrel as of 9:50 p.m. ET on Sunday after earlier hitting a high of $116.75. Roughly a month back on Feb. 27, a day before the United States and Israel launched coordinated strikes against the Iranian regime, oil had closed at around $72 per barrel.